Ministers also exchanged views on the tenth enhanced surveillance report on Greece and agreed that the positive assessment of the institutions warrants the approval of the next tranche of policy-contingent debt measures, worth 748 million euros. The International Monetary Fund (IMF) presented the outcome of its interim staff visit in the context of its article IV surveillance of the euro area. The IMF will complete its surveillance cycle at the end of the year. Ministers also discussed the functioning of the Exchange Rate Mechanism II (ERM II). The Bulgarian lev and the Croatian kuna were included in the ERM II on 10 July 2020, and Bulgaria and Croatia provided an update on the implementation of the reforms that their authorities committed to upon the start of their participation in the ERM II. Meeting in inclusive format, the Eurogroup prepared for the Euro Summit that will take place on 25 June 2021. The chair of the high-level working group briefed ministers of the 27 Member States on the progress made in preparing a work plan covering all the outstanding elements needed to complete the banking union, as requested by the Euro summit in December 2020.